RE:Alumina PartnersRight hopefully it will be better than how this performed
OTTAWA – June 10, 2014 – Grafoid Inc. wishes to correct the information regarding the currency of the consideration paid to the shareholders of ALCERECO Inc. for the purchase of all the issued and outstanding shares of ALCERECO. Grafoid will purchase all of the issued and outstanding shares of ALCERECO from the shareholders of ALCERECO in exchange for 250,000 common shares of Grafoid at a price of US$5.00 per share, for a total value of US$1,250,000 for this transaction, instead of a price of CAD$5.00 per share, for a total value of CAD$1,250,000 as incorrectly indicated in the news release issued yesterday (please refer to Grafoid’s press release dated June 9, 2014 for more information on the transaction).
About Alcereco Inc.
ALCERECO Inc. was formed by a group of partners with extensive backgrounds in advanced materials, new product development and commercialization. The company has connections to global value chains for both supply and applications.
ALCERECO’s combined experience includes management positions in large chemicals and light metal companies, industrial research in metal and mining technology, successful new product commercialization, and designing